Wisconsin Small Business Loan Issued to Clothing Stores Company

WisconsinSBA loans are available to Wisconsin entrepreneurs through the SBA. In this case, a Minnesota bank provides the loan.

Getting a small business loan in Lake Geneva, Wisconsin was a top priority for this particular business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Home State Bank. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: CLOTHING STORES
LAKE GENEVA, WI 53147

SBA Loan Lender

HOME STATE BANK
1435 E HWY 12
LITCHFIELD, MN 55355

This lender processed this SBA bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

448190 - Clothing Stores

Loan Approval Date

12/4/2003

Loan Approval Gross Amount

$10,000

Loan Approval from the SBA

Of the total $10,000 loan amount, the SBA guaranteed $5,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

If you need business start up money in Lake Geneva WI, you ought to talk with a local Lake Geneva SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lake Geneva businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Home State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Home State Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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